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The808Trader

Canada to Profit Eh? EUR/CAD - Ichimoku short trade Idea

Short
Euro / Canadian Dollar (FX:EURCAD)  
The808Trader  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators EURCAD eurcadshort Bearish Patterns Ichimoku Cloud the808trader forexsignals forextrading
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trendanalysis chartpattern indicator eurcad eurcadshort bearish ichimokuclouds the808trader forexsignals forextrading
This pair has been in a strong bearish run I'm looking to hop into this establish trend. We tested tenken sen and saw a rejection and I'm looking for a chance to enter a sell to go lower. I've drawn out a few Take Profit levels on the way to my long term target of 1.5070    If we can break below the previous structure low we, we should see the big drop I am looking for. If we drop and can't break that low, I'll exit my position and cut the trade short. If we fail to break lower or our bearish confirmations change, this setup may become invalidated. 
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